Oklo (NYSE:OKLO) Shares Gap Down Following Analyst Downgrade

Oklo Inc. (NYSE:OKLO)’s stock price gapped down before the market opened on Tuesday after Citigroup lowered their price target on the stock from $31.00 to $30.00. The stock had previously closed at $30.91, but opened at $28.88. Citigroup currently has a neutral rating on the stock. Oklo shares last traded at $28.85, with a volume of 5,504,129 shares traded.

Several other equities research analysts also recently issued reports on the company. B. Riley upped their price target on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Craig Hallum assumed coverage on shares of Oklo in a report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 target price for the company. Finally, Wedbush restated an “outperform” rating and set a $45.00 price target on shares of Oklo in a report on Tuesday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.25.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Triton Wealth Management PLLC bought a new position in shares of Oklo during the 4th quarter valued at approximately $559,000. Windmill Hill Asset Management Ltd purchased a new position in shares of Oklo during the 4th quarter valued at $1,476,000. Polar Asset Management Partners Inc. bought a new position in Oklo during the fourth quarter worth about $781,000. Alpine Global Management LLC purchased a new position in Oklo in the 4th quarter valued at approximately $427,000. Finally, Value Aligned Research Advisors LLC purchased a new position in shares of Oklo in the fourth quarter valued at $1,209,000. Institutional investors own 85.03% of the company’s stock.

Oklo Trading Down 6.9 %

The company has a 50-day moving average price of $36.13 and a two-hundred day moving average price of $24.36.

Oklo Company Profile

Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.